Why creating more coins.

[Fightclub321]

There are 3 reasons for it
1) Some 'creators' of the coins believe their product is unique and solve some problems that major currencies have.
2) They issue tokens as shares
3) They did a very bad market research

[Suwycu]

I doubt that several projects will be combined.  Most likely this will happen if they pursue the same goals and are not greedy!  Although it would not be bad!

[Gabteb]

Its normal becouse everyday new users coming to crypto world and with them new ideas coming here and very soon tokens will be everywhere i belive ,some new tokens coming others go.

[Sebas.tian]

Ideas are simply endless. When someone thinks of something awesome and it has blockchain applications, there's a good chance that they will creat a coin for it. Though there's a much more common reason that is greed. Some guy will conduct an ICO to get rich overnight and some greedy investor will be trapped and this is an endless cycle.

[ArtemSergeevich]

I think this is a bad plan for growth should be rather more different projects with large coverage areas. Then we start to grow and develop. A large number of projects is a healthy competition among the products and they need to create and improve their projects for survival.

[BogdanGFTP]

There is many people who has different vision on the cryptocurrency. And if one have an instrument for creating his own coin, he will obviously create it. Why he should deny himself the pleasure of creating a new cryptocurrency?

[DianTama]

Unfortunately, the bulk of ICO was created for earnings and not for project development. On the wave of HYIP 2017 and the success of many ICOs, more and more empty tokens were created , which thousands are now useless to no one.

[iljamlnk]

New promising projects are being created that want to create competition already known and popular.

[ginobitcoiner]

the number of new altcoins making is the goal of some people to expand and expand the crypto currency community, then they know that crypto currencies will have a good future, with the hope that the company they make will be better if they create altcoins for their companies to increase the share price of their company.

[vanya.pronin.1983]

Creating a new coin, means give a green light to another great project. Usually a lot of them are turning scam. But the idea of ICO as an investment method, opens the doors to the new investors. There are so many people in this market, that could help to create a new great project, by providing their funds. As an investor, you should check the projects better, or without good investigation, you can lose your savings.

[Grim149x]

I think it depends on the goals and intentions of the owners. If they are not interested in global adoption of their tokens and just for the money then it's most likely that they will not collaborate with similar projects.

[e@symode]

Everything is simple, because first of all, people are trying to make money on this as well as transfer their business, if there is one, to the digital sector, and in general, they can get great, because now is the time when it can be done.

[delton22]

There are so many sectors of the economy and human lives that cryptocurrency and blockchain technology have not innovated yet. creating new coins for different purposes is the target.

[Fredrosam]

With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20  widely known coins, their standard is maintain, investors will be happy.

in my people just want to develop themselves and to see whether they get the result they want besides it is nice to have a choice

[biddicoin]

creating a coin means that cryptocurrency still develop by many people. it means that crypto grows time by time
yeah maybe there are shitcoins too, but it is still better than no developing on coin anymore

[ShadowBits]

With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20  widely known coins, their standard is maintain, investors will be happy.

Obviously, people create more and more coins just to get some money from investors. Those kind of coins that doesn't even have any use in the community.

[somansy]

With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20  widely known coins, their standard is maintain, investors will be happy.

i really like the topic! to me, such a variety of coins means they just want to try every posible way and see what works better for the public. then they will understand what coin will replace fiat

[OneCoinMan]

No matter how many coins are created, it is important how many coins survive. And this is a very small number. For example, on the WAVES platform, anyone can create their own coin, but it will be absolutely not liquid. IMHO, you just do not have to pay attention to it.

[HarrisonErnest]

With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20  widely known coins, their standard is maintain, investors will be happy.

There is nothing wrong in creating more coins. It has to be very obvious that these coins would bring in new ideas. Coins like Prg, Xrp and Ada and all already brought in great projects and ideas.

[Farma]

creating a coin means that cryptocurrency still develop by many people. it means that crypto grows time by time
yeah maybe there are shitcoins too, but it is still better than no developing on coin anymore

I think so many people want to create their own ICO company. Well, I think it's pretty good, because it can develop the potential of many people to build new coins. but of course it's not easy, and a lot of scams because of that. yeah, but i think this is pretty good, because they make new products from the internet.